Evolution Petroleum (NYSE:EPM) Upgraded to "Hold" at Northland Capmk

Evolution Petroleum (NYSE:EPM - Get Free Report) was upgraded by equities researchers at Northland Capmk to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. StockNews.com upgraded Evolution Petroleum from a "sell" rating to a "hold" rating in a research report on Monday. Northland Securities dropped their price objective on Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, Alliance Global Partners started coverage on shares of Evolution Petroleum in a report on Wednesday, May 7th. They issued a "buy" rating and a $5.70 price target for the company.

Evolution Petroleum Trading Down 2.0%

NYSE:EPM opened at $4.36 on Tuesday. The business has a fifty day moving average price of $4.54 and a 200-day moving average price of $5.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. Evolution Petroleum has a one year low of $4.05 and a one year high of $6.14. The firm has a market capitalization of $149.58 million, a price-to-earnings ratio of 87.22 and a beta of 0.49.

Hedge Funds Weigh In On Evolution Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Evolution Petroleum in the 4th quarter worth approximately $40,000. Chancellor Financial Group WB LP purchased a new stake in shares of Evolution Petroleum during the 4th quarter worth $58,000. Legal & General Group Plc increased its holdings in shares of Evolution Petroleum by 56.7% in the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company's stock valued at $63,000 after acquiring an additional 4,375 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Evolution Petroleum in the fourth quarter valued at approximately $65,000. Finally, Intech Investment Management LLC acquired a new stake in Evolution Petroleum during the 4th quarter worth $68,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.

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